Grassley Criticizes FCC, White House Over LightSquared

Law360, New York (May 22, 2012, 7:08 PM EDT) -- Sen. Chuck Grassley, R-Iowa, criticized the Obama administration and the Federal Communications Commission on Tuesday over their actions regarding LightSquared Inc., a failed wireless startup that he says was able to get as far as it did thanks to political pressure.

Lobbyists had a too-powerful role in pushing through LightSquared's plans to use its satellite system to help create a terrestrial 4G network to allow wireless service providers to compete with AT&T Inc. and Verizon Wireless, despite concerns that the network would interfere with the U.S.'...
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